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And taking over the torch of tax evasion/financial privacy (two sides of the same coin?) is Bitcoin etc. Who needs a bank in Switzerland when you can just have

by hkjgkjy 10y ago

And taking over the torch of tax evasion/financial privacy (two sides of the same coin?) is Bitcoin etc. Who needs a bank in Switzerland when you can just have a 50 character long private key?

zdkl 10y ago
In fact bitcoin makes it harder to conceal transactions from your peers. Wallets are pseudonymous and can be correlated to IRL identities if used similarly to traditional banking accounts/physical wallets. Just because you can't correlate identities doesn't mean you should expect the network to guard your "financial privacy".